Press Releases

New Delhi, 28 December, 2017: Slowdown in economy coupled with high stress level in the banking sector is expected to restrict credit growth at around 8 per cent during the current fiscal despite government’s thrust on loan expansion, reveals the ASSOCHAM study.

New Delhi, 25 December, 2017: The digital commerce market in India is expected to cross $50 billion mark by the end of 2018 on the back of growing Internet population and increased online shoppers from the current level of $ 38.5 billion, reveals the ASSOCHAM- Deloitte joint study.

New Delhi, December 23, 2017: After ”disruptions" like lingering demonetisation effect and GST roll-out, the IndiaDn economy may reach a 7 per cent growth in 2018 with government policies tilting towards the stress-ridden rural landscape in the penultimate year before the Lok Sabha elections, the ASSOCHAM Year-Ahead Outlook (AYAO) pointed out.

New Delhi, December 21, 2017: Indian pharmaceutical exports are likely to touch $20 billion by 2020 from the current level of around $16.5 billion, registering a compounded annual growth rate (CAGR) of about 30 per cent, reveals ASSOCHAM and UL India joint study.

New Delhi, December 20, 2017: The Centre is working on a combination of traditional and modern technology like satellite imagery for crop acreage and yield estimation to build up a much more sophisticated analysis and ensure accurate agriculture forecasts, a top official said at an ASSOCHAM event held in New Delhi today.

New Delhi, December 19, 2017: Delhi Government is soon likely to come out with a policy to incentivise people willing to shift from fossil fuels as an energy source to electric (energy), Transport Minister, Mr Kailash Gahlot said at an ASSOCHAM event held in New Delhi today.

Congratulating Prime Minister Mr Narendra Modi for the BJPs convincing win in Gujarat and Himachal Pradesh (HP) Assembly elections, ASSOCHAM President Mr Sandeep Jajodia said, “We are confident that the new BJP Government in the States would work for the all round development of Gujarat and Himachal Pradesh with a special focus on agriculture, trade and industry, particularly in the medium, small and medium enterprise (MSME) segment."

New Delhi, December 16, 2017: With conclusion of high stake Gujarat elections and several other major states going to polls in 2018 , Corporate India has to factor in political realities weighing on economic decisions of the government , including in the forthcoming Budget , the last full-fledged of the NDA Government, ASSOCHAM has said, after an internal assessment.

New Delhi, December 15, 2017: The Insolvency and Bankruptcy Board today sought for special regulatory regime for Public Private Partnerships (PPP), said Dr. Mukulita Vijayawargiya, Whole Time Member, IBBI said at an ASSOCHAM event held in New Delhi today.

New Delhi, December 14, 2017: Government's assurance that depositors' interest in case of a bank going down under would be fully protected should be clearly and unambiguously spelt out in the Financial Resolution and Deposit Insurance (FRDA) Bill and a clause that seeks to treat depositors as other creditors and shareholders for bail- in, must be removed, the ASSOCHAM said today.